FISCHER WATT GOLD COMPAY, INC.

                                Filing Type: 8-K
                           Description: Current Report
                         Filing Date: December 13, 2000

                          Period End: December 13, 2000

                             Primary Exchange: NSDEC
                                  Ticker: FWGO




                                Table of Contents

                                       8-K

Item 5.........................................................................1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                             -----------------------

                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                        Date of Report December 13, 2000

                         Commission File Number 0-17386

                         FISCHER-WATT GOLD COMPANY, INC.
             (Exact name of registrant as specified in its charter)

         Nevada                                         88-0227654
        ---------                                      ------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

                 1410 Cherrywood Drive, Coeur d'Alene, ID 83814
                     (Address of principal executive office)

                                 (208)-664-6757
              (Registrant's telephone number, including area code)


ITEM 5.  OTHER EVENTS.

For purposes of this  Registration  Statement  "The  Company",  "Fischer  Watt",
"FWGO",  and "FWG" have the same meaning and refer to Fischer Watt Cold Company,
Inc. The terms "Bullet",  "Bullet  Holdings Inc." and "Grupo de Bullet" are used
interchangeable and refer to Grupo de Bullet, S. A., a Colombian Corporation.

On October 30, 2000,  the Board of Directors of the Company  authorized the sale
of the Company  assets located in The Republic of Colombia,  South  America.  On
November 21, 2000, The Company  interred into an Agreement to Sell the assets of
its El Limon  mine and  certain  other  properties  to  "Grupo  de  Bullet".  In
consideration  of this  agreement the Company will receive  $US3.7 million which
will be paid as a production royalty.

A copy of the Agreement to Sale is attached with,  and considered  part of, this
filing.

                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                     By:/s/  George Beattie
                     ---------------------------------------
                     Name:   George Beattie
                     Title:  President

Dated:  December 13, 1999

                                       1


                           Enclosure - Sales Agreement

This  Agreement  for the sale of certain  property  located in the  Republic  Of
Colombia,  South  America,  made and  effective  this  November 21, 2000, by and
between and Fischer-Watt Gold Company,  Inc., (including its subsidiary Oronorte
S.A.,  a  Colombian   corporation)   the  "Seller"  and  Bullet   Holdings  Inc.
(collectively with its subsidiaries, including Grupo de Bullet S.A., a Colombian
corporation) the "Buyer'.

Seller desires to sell to Buyer,  and Buyer desires to purchase from Seller,  el
Limon Mine, and  underground  gold mine,  with its existing  infrastructure  and
equipment  and the  rights to  several  exploration  concessions  located in the
Republic of Colombia, South America.

NOW,  THEREFORE,  in consideration of the mutual promises herein contained,  the
parties hereto agree as follows:

Seller  agrees  to sell,  transfer  and  convey to  Buyer,  and Buyer  agrees to
purchase the following property:

Property:
1. El Lim6n Mine with its existing infrastructure and equipment.
2. Juan Vara prospect.
3. La Aurora Mine.
4. El Carmen Mine with its existing  infrastructure where past works developed a
   shaft and produced gold in 1998.
5. Mining titles:  RPP12 and licenses 620, 367, 3389,  1389, 806, 811, 805, 369,
   778, 779, 812 and 576.

The parties have agreed to the following sale terms:

Sale Price: US$3,700,000 Terms:
1)  US$3,700,000  to be  paid  from  a 3%  net  smelter  royalty  (NSR)  on  all
    production  sales less:
    a) Mine and processing plant  rehabilitation to 100 TPD processing  capacity
       (US$150,000 maximum)
    b) Cash  payments  made to date by Buyer to Seller offset up to $95,000 owed
       to the Seller by the Buyer from the sale of diamond core drills
    c) Any cash payments to or settlements with Oronorte S.A. creditors.


2)  Should the Buyer resale the El Lim6n mine within two years for:
    a) a) US$3,700,000 or less, the Company will be credited with 10% of the net
    sales proceeds and, I Fischer-Watt/Oronorte will be credited with 90% of the
    net sale proceeds.
    b) US$3,700,000  or more,  the  Company and  Fischer-Watt/Oronorte  agree to
    split on 500/o/50% basis any net sales proceeds above  US$3,700,000  subject
    to the previous paragraph 2 (a) US$3,700,000 credits.

Definition:
"Net Smelter  Return  Royalty," or "NSR".  Royalty based on the net amount shown
due by the  smelter  or  other  place  of sale as  indicated  by its  return  or
settlement sheets,  after payment of all freight charges from the shipping point
to the smelter,  and after all smelter  charges have been deducted,  but without
deduction of any other charges.

                                       2


Property Location.
The properties are located in north central Antioquia,  in the municipalities of
Zaragoza and El Bagre,  within the boundaries of the mining titles  mentioned in
"Property' #5.

Taxes.
Buyer shall pay or reimburse Seller as appropriate for any sales, use, excise or
other tax imposed or levied with respect to the payment of the purchase price or
the conveyance of tide to Buyer.  In no event shall Buyer be responsible for any
tax imposed upon Seller based upon Seller's income or for the privilege of doing
business.

Notices.
Any notice  required by this Agreement or given in connection  with it, shall be
in writing and shall be given to the appropriate  party by personal  delivery or
by certified mail, postage prepaid, or recognized overnight delivery services.

If to Seller:     1621 North 3rd. Street, Suite 1000
                  Coeur d'Alene, Idaho 83814, USA

If to Buyer:      1101 30th Street NW #500
                  Washington, DC 20007, USA

Governing Law.
This  Agreement  shall be construed and enforced in accordance  with the laws of
the state of New York.

Final Agreement.
This Agreement  terminates and supersedes all prior understandings or agreements
on the subject matter  hereof.  This Agreement may be modified only by a further
writing that is duly executed by both parties.

Severabiliy.
If any term of this Agreement is held by a court of competent jurisdiction to be
invalid or  unenforceable,  then this Agreement,  including all of the remaining
terms,  will remain in full force and effect as if such invalid or unenforceable
term had never been included.

Headings.
Headings used in this Agreement are provided for convenience  only and shall not
be used to construe meaning or intent.

Dispute resolution.
Any  dispute,  controversy  or  claim  arising  out  of,  in  relation  to or in
connection  with  this  Agreement  or the  operations  carried  out  under  this
Agreement,   including   any   dispute   as  to  the   construction,   validity,
interpretation,  enforceability or breach of this Agreement shall be exclusively
and finally settled by binding arbitration before a single arbitrator  conducted
in  accordance  with  the  international   Arbitration  Rules  of  the  American
Arbitration Association.  Either party may initiate arbitration by giving notice
to the other  party.  If the  parties  cannot  agree  upon the  selection  of an
arbitrator within thirty (30) days after arbitration is initiated, the selection
shall be made by the American Arbitration Association. This decision rendered by
the  arbitrator  may be  entered  into  any  court.  Fees  and  expenses  of the
arbitration,  including  travel  costs,  and  attorney's  fees and  costs of the
prevailing party shall be home by the party against whom the arbitrated issue is
decided.  Arbitration  shall be  conducted  in English in  Washington,  DC. This
Agreement  shall be interpreted and construed under the laws of the State of New
York, except the choice of law and comity provisions thereof.

                                       3


IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
as of the date first above written.

By: /S/ George Beattie                          /S/ Robert Allen
- ----------------------                          ----------------
        George Beattie                              Robert Allen
        Fischer-Watt Gold Company, Inc.             Bullet Holdings Inc.
        President                                   Principle

                                       5